The forecast for the import of acrylic or vinyl polymer paint or varnish, non-aqueous, into the UK indicates a steady increase from 2024 to 2028. The volume is expected to grow from 30.12 million kilograms in 2024 to 32.404 million kilograms in 2028. In 2023, the import volume stood slightly lower than 2024’s projected figure, suggesting a positive year-on-year growth trajectory. The compound annual growth rate (CAGR) over these forecasted years is moderate, indicating a promising yet steady market recovery and expansion.
Future trends to watch for include:
- Innovations in eco-friendly and low-VOC paint formulations that could impact import volumes.
- Trade agreements and regulatory changes post-Brexit potentially altering import dynamics.
- Economic factors influencing construction and automotive industries, key consumers of non-aqueous paints.